WHAT : BDE – SC6 – 4th Hangout :
“Insight into Virtual Currency Ecosystems” (By making use of Big Data Technology)
WHOM : Dr. Bernhard Haslhofer
WHEN : 16.02.2017, 15.00 pm CET
INFO & REGISTRATION : Click here!
Bitcoin is the most prominent example of a virtual cryptocurrency and the use of Blockchain. The currency is not issued by any government, bank, or organization but relies on cryptographic protocols and a distributed peer-to-peer network of users to mint, store, and transfer currency units. Transactions are almost real-time and costs are minimal compared to established payment networks, which offers novel opportunities for businesses and payment providers. Despite its publicly perceived association with electronic crime, Bitcoin’s daily transaction volume is increasing and in some areas approximates that of establish payment networks. Besides being a virtual currency and a promising distributed ledger technology (Blockchain), Bitcoin is also an effort driven by a worldwide community of developers and entrepreneurs supported by a significant venture capital investments (> 500M USD in 2015).